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Zaxby's 8812 Harvest Oaks Dr

2,962 SF Retail Building Raleigh, NC 27615 $3,756,521 ($1,268/SF) 5.75% Cap Rate

Restaurants North Carolina Raleigh 8812 Harvest Oaks Dr, Raleigh, NC 27615

Investment Highlights

  • Secured by a 20-year absolute triple net lease and 10% rent increases every 5 years
  • Outparcel pad to a grocery anchored shopping center surrounded by top-rated national tenants
  • Premier Location, Close to 3 Major Residential Communities
  • High Barrier of Entry Corridor, extending to Highway 540 and Six Forks Road

Executive Summary

Century Partners Real Estate, Inc., in association with broker of record Danielle McLaughlin and ParaSell, Inc., is pleased to present an exclusive offering to acquire a single-tenant property leased to one of the top Zaxby’s operators (ZaxNC) in the system (the “Property”). Secured by a 20-year absolute triple net lease and 10% rent increases every 5 years, this structure ensures a predictable rental income while significantly reducing management responsibilities for property owners. Investors enjoy a reliable return on investment without day-to-day operational burdens benefiting from a hands-off approach.

Attachments

Offering Memorandum_Zaxby_Raleigh_NC

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,962 SF
Building Class
B
Year Built
1996
Price
$3,756,521
Price Per SF
$1,268
Cap Rate
5.75%
NOI
$216,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.74 AC
Zoning
SC
Parking
42 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
143 FT on Harvest Oaks Drive

Amenities

  • Bus Line
  • Signage
  • Drive Thru
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8812 Harvest Oaks Dr, Raleigh, NC - aerial map view - Image1
8812 Harvest Oaks Dr, Raleigh, NC - aerial map view - Image2
8812 Harvest Oaks Dr, Raleigh, NC - aerial map view - Image3

Nearby Major Retailers

Aqua-Tots Swim Schools
Food Lion Inc
Starbucks
Cook Out
CrossFit
Lowes Foods
Planet Fitness
Whole Foods Market
First Horizon Bank
Chase Bank

PROPERTY TAXES

Parcel Number 1708.13-13-4815-000 Improvements Assessment $1,184,431
Land Assessment $727,199 Total Assessment $1,911,630

PROPERTY TAXES

Parcel Number
1708.13-13-4815-000
Land Assessment
$727,199
Improvements Assessment
$1,184,431
Total Assessment
$1,911,630
(310) 362-4303 x2

Contacts

  • Listing ID: 30919627

  • Date on Market: 2/9/2024

  • Last Updated:

  • Address: 8812 Harvest Oaks Dr, Raleigh, NC 27615

More public record information on 8812 Harvest Oaks Dr, Raleigh, NC 27615

The Retail Property at 8812 Harvest Oaks Dr, Raleigh, NC 27615 is currently available for sale. Contact Century Partners Real Estate Inc. for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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8812 Harvest Oaks Dr, Raleigh, NC for sale Building Photo- Image 1 of 6
Building Front
8812 Harvest Oaks Dr, Raleigh, NC for sale Aerial- Image 2 of 6
Immediate Surrounding Retail
8812 Harvest Oaks Dr, Raleigh, NC for sale Aerial- Image 3 of 6
Immediate Surrounding Retail
8812 Harvest Oaks Dr, Raleigh, NC for sale Aerial- Image 4 of 6
Immediate Surrounding Retail
8812 Harvest Oaks Dr, Raleigh, NC for sale Building Photo- Image 5 of 6
Building Front - Ground

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Zaxby's | 8812 Harvest Oaks Dr
(310) 362-4303 x 2

Zaxby's | 8812 Harvest Oaks Dr

1/3

Kyle Gulock

(310) 362-4303

x2

(310) 362-4303 x2

Matt Kramer

(310) 362-4303

x1

(310) 362-4303 x1

Joshua Berger

(424) 389-0582

(424) 389-0582

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